For The US Treasury, Black Friday Was Red Friday

The US government is in the red every day of the week, every week of the year. This past Black Friday was no different, when the Treasury added a whopping $24,327,048,384.38 to the national debt.

At the close of business last Wednesday, according to the Treasury, the national debt was $16,283,161,895,179.85. On Thanksgiving, the Treasury took the day off and did no borrowing. But on Friday, the Treasury increased the debt of the United States to $16,307,488,943,564.23. That was a one-day increase of $24,327,048,384.38.

The Census Bureau estimated that as of September there were approximately 114,916,000 households in the United States. So, the $24,327,048,384.38 that the Treasury borrowed on Friday equaled about $211.69 per household.

Friday was also the first time in the history of the United States that the debt has topped $16.3 trillion. (Read More)

Since Obama took office the share of the national debt per household has risen by almost $50,000.

The Democrats have no plans for cutting spending, they want you to think they can tax the rich to pay off all of this debt. We all know that’s a lie.